Nomad Foods (NOMD) immediately issued a press launch stating that they have been commencing an providing of 33.33 million shares from Bill Ackman’s Pershing Square.
This signifies that Pershing is promoting its complete stake within the firm and can not be a shareholder.
For extra from this hedge fund, we’ve additionally posted up Pershing Square’s Q2 letter.
Per the press launch, Nomad Foods is “a leading frozen foods company building a global portfolio of best-in-class food companies and brands within the frozen category and across the broader food sector. Nomad Foods produces, markets and distributes brands in 17 countries and has the leading market share in Western Europe. The Company’s portfolio of leading frozen food brands includes Birds Eye, Iglo, and Findus.”
SOURCE: market folly – Read complete story here.